GE CEO John Flannery steps down

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Oct 1 (Reuters) - General Electric Co Chief Executive Officer John Flannery has stepped down and the company will take an impairment charge of about $23 billion related to its power business.

Flannery will be replaced by H. Lawrence Culp, effective immediately. (Reporting by Arunima Banerjee in Bengaluru Editing by Saumyadeb Chakrabarty)